Property Markets Group is in contract to purchase the vacant 166,000-square-foot property at 455-459 Smith Street, in Gowanus, for roughly $50 million, DNAinfo reported. The site – bound by Huntington Street to the south, Smith Street to the west, Fifth Street to the north, and the Gowanus Canal to the east – is zoned for manufacturing. It can support 332,000 square feet of commercial development as-of-right in the form of offices, hotels, retail, and manufacturing/industrial space. The eventual new owner is mulling the idea of building a mixed-use development with a hotel, offices, and retail space, although development plans are in very early stages. The site, once home the Citizens Manufactured Gas Plant, is currently undergoing a remediation headed by National Grid. The plant’s last warehouse structure was demolished years ago. The Smith-Ninth Streets stop on the F and G trains is located a block to the south.
As the dust settles after a contentious rezoning in East New York, Brooklyn, the city’s Department of Housing Preservation and Development has set its sights on Brownsville, a neglected and similarly working class neighborhood next door. The housing agency announced the start of a new “neighborhood planning process,” which will collect feedback from residents, organizations, and business owners on how the city could improve the neighborhood.
The Lower East Side is in the midst of a new era of transformation. The Streit’s Matzo Factory has moved, construction of Essex Crossing is humming along, a neighborhood-wide beautification project should reach its goal this summer, and the Lowline is moving forward. The Houston Street corner opposite an iconic deli is also getting a new neighbor, and now there’s a new look at that project.
Renderings have now surfaced of the 19-story, 130-unit mixed-use tower planned at 321 Wythe Avenue, located just three blocks in from the East River in Williamsburg, as per a tipster’s tweet on Friday. The renderings are credited to the project’s architect, Nataliya Donskoy’s Brooklyn-based ND Architecture & Design. The structure will encompass 134,995 square feet, according to the latest filings. The second floor will host 5,218 square feet of medical offices, followed by 130 residential units across the fourth through 19th floors. The units should average 759 square feet apiece, indicative of rentals, and amenities will include a 92-car parking garage on the ground floor, storage for 65 bikes, outdoor terraces on the second and third floors, and the rooftop. Watermark Capital Group is the developer and Saints Peter and Paul Catholic Church is the property owner. The church’s existing single-story facility must first be demolished.
The New York City Economic Development Corporation (NYCEDC) and the Department of Housing Preservation and Development (HPD) have launched a request for expressions of interest (RFEI) for the 158,000-square-foot development site at 65 East 149th Street, located in the South Bronx’s Lower Concourse section. The hope is for a development team to propose a mixed-use building with an assortment of affordable residential units, commercial space, and community facilities, DNAinfo reported. In addition, there will have to be public open space, which will hopefully be in the form of a waterfront esplanade (the site fronts the Harlem River). Infrastructure upgrades are also part of the project. The vacant site is located five blocks from the 149th Street-Grand Concourse stop on the 2 and 5 trains. Responses are due by October 11.